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BASF India acquires 14.18% stake in Clean Max Galapagos for renewable power
04-Aug-2026, 03:23
BASF India Limited announced that its board of directors approved the acquisition of a 14.18% stake in Clean Max Galapagos Private Limited, a special purpose vehicle incorporated by Clean Max Enviro Energy Solutions Limited, for an amount not exceeding Rs 9.45 million to procure approximately 4,240 MWh per year of renewable power (solar) for its Navi Mumbai manufacturing site.
BASF India Limited announced that its board of directors approved the acquisition of a 14.18% stake in Clean Max Galapagos Private Limited, a special purpose vehicle incorporated by Clean Max Enviro Energy Solutions Limited, for an amount not exceeding Rs 9.45 million to procure approximately 4,240 MWh per year of renewable power (solar) for its Navi Mumbai manufacturing site.